General Electric has announced plans to sell a large part of its financial arm, GE Capital, as it focuses increasingly its industrial businesses. GE Capital is a big money generator, but also a source of risk that made stockholders nervous. Analysts have congratulated GE on a bold move.

The state has eliminated its sales tax on certain non-prescription medicines. The change will eliminate taxes on over-the-counter items like antacids, cough syrup, and pain medication. It also gets rid of the sales tax on dietary supplements and vitamins.

What do we make of this economy and stock market right now? Why aren't people more positive about the good numbers? Why do the markets react every time there is a whisper of raising interest rates? Join us for conversation with Bob and Charles Kreitler, from New Haven's Kreitler Financial, affiliated with Raymond James.

At the beginning of this century, when tech stocks were hot and dot-coms were appearing everywhere, Yale professor and renowned economist Robert Shiller was already warning of a bubble -- and he was right. Years later, when housing prices were skyrocketing and millions of American were betting big on real estate, Robert Shiller again predicted an impending crisis. Sadly, he was right again.

Now, with the housing market showing signs of improvement, many are getting the sense that we’re finally out woods. And with this feeling returns the idea that buying a home today means financial gains down the road.

Another ratings agency has placed a negative outlook on Connecticut’s general obligation bonds.

Governor Dannel Malloy's administration welcomed news that three of the four major credit rating agencies have reaffirmed the state’s AA rating. But Treasurer Denise Nappier described the news as bittersweet, because Standard & Poor's outlook on the bonds went from stable to negative.

Former Westfield State University President Evan Dobelle has withdrawn his federal lawsuit against state and school officials blaming them for his departure, saying the legal fight's cost was too great.

The legislature's transportation committee heard testimony Wednesday on two issues: highway tolls, and ways to ensure that all money deposited in the special transportation fund will go specifically for transportation improvement projects -- the so-called lockbox.

Lawyers for former Westfield State University President Evan Dobelle, who is suing state education officials, cite an "irreconcilable difference" and a failure to pay bills, in their effort to drop him as a client.

The Back9Network, a cable and Internet-based network devoted to golfing that opened in Hartford with state assistance nearly two years ago, has suspended operations. Without elaborating Monday, Back9 cited a "temporary shortfall in capital."

The network said it is planning the next steps and will continue to seek long-term operating capital.

In a perfect world, we wouldn’t worry whether our food and working conditions were safe, or whether government regulators were keeping track of these things for us -- but we don’t live in a perfect world.

In fact, there’s a sense that if you run a big company, and you’re responsible for something really bad happening, that you’ll probably skate away with a slap on the wrist while somebody else has to live with the damage done.

A Venezuelan hedge fund manager has been sentenced to 13 years in prison for running a massive Connecticut-based investment fraud scheme that involved hundreds of millions of dollars.

Francisco Illarramendi expressed remorse during his sentencing Thursday in federal court in Bridgeport. He pleaded guilty to several fraud and conspiracy charges four years ago in what federal prosecutors have called their biggest white-collar criminal case ever in Connecticut.

Republican legislative leaders held a press conference Thursday to call for changes in the state’s campaign finance laws, though leading Democrats said talking to them first might have been a better strategy.

Joined by rank and file legislators, Senate Minority Leader Len Fasano and House Republican Leader Themis Klarides said state Democrats have consistently worked to undermine and erode the clean elections laws they worked to pass in 2005 after the conviction of former Governor John Rowland.

Here's my favorite one. Eighty-four percent of Frenchmen rate themselves as above average lovers. Ninety-three percent of young drivers in another survey said they were above average. And, 68% of the faculty at the University of Nebraska place themselves in the top 25%.

All of those numbers reflect misplaced confidence. It seems to be genetically wired into us in certain ways.

Governor Dannel Malloy got a hint of the tough questions he may face over paying for his transportation priorities at Monday’s bond commission meeting. But the governor said he’s not yet ready to set limits on borrowing for this year.

Sen. Elizabeth Warren failed to stop a change in bank regulations last weekend, but she raised her profile yet again.

The Massachusetts Democrat tells NPR that her fight over a provision in a spending bill was a "warning shot." She intends to continue her fight against what she describes as the power of Wall Street, even though that fight brought her to oppose leaders of her own party.

Post updated at 9:38 p.m. ET.

A massive federal spending bill finally won the House's approval Thursday night, less than three hours before a midnight deadline that threatened a federal shutdown. The measure's fate had been in doubt after it narrowly survived a rules vote earlier in the day. The final tally was 219-206.

United Technologies' stock has bounced back just a day after the departure of CEO Louis Chenevert. Shares in the Hartford based conglomerate ended Monday down 1.4 percent, following the shock announcement that former CFO Greg Hayes would take over the top slot.